Definition
The term "owe" refers to being under obligation to repay or render something, typically money, goods, or services, to another party. It can also imply gratitude or moral obligation for benefits or deeds received.
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Pronunciation
Etymology
The word "owe" originates from Old English "āgan," meaning "to own or possess," which evolved into the sense of "being obliged to pay." It is derived from Proto-Germanic "*aigan" and Proto-Indo-European "*eik-" (to own or possess). The modern meaning of financial or moral obligation developed in Middle English.
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Usage
The verb "owe" is commonly used in financial, social, or moral contexts. For example: "I owe him $20," or "She felt she owed her success to her mentor."
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